Housing costs in Chicago?
A typical home costs
$272,900, which is 19.3% less expensive than the national average of
$338,100 and 12.9% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Chicago costs
$1,610 per month, which is 27.8% more than the national average of
$1,260 and 13.0% more than the state average of
$1,400.
Can I afford Chicago?
To live comfortably in Chicago (zip 60615), Illinois, a minimum annual income of
$52,200 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Chicago?
The cost of living in 60615 Chicago, IL is relatively high compared to other areas in the country. The median home value in this area is approximately $470,000. The average rent for a one-bedroom apartment is around $1,200 a month. Groceries and dining out tend to be more expensive than other parts of the city as well. Utility costs are also high due to Chicago's colder climate. Despite its high cost of living, 60615 Chicago remains a desirable place to live because of its great access to downtown, close proximity to public transportation, and variety of attractions and events.